By: By Stephen Zacks, Dwell
Excerpt: All in all, the profiteering habits of the real estate market underline a need to rethinking housing as a commodity. Chris Tittle, staff lawyer and director of land and housing justice at the Sustainable Economies Law Center, which provides technical support for communities organizing to assert greater control over their resources, advocates for cooperative ownership and social housing that would permanently take buildings out of the speculative marketplace and place it in the hands of local groups and those in need of shelter. "When we’re doing work, our primary analysis is that the underlying root cause of a lot of this is the financialization of housing and the commodification of housing," Tittle says. "Housing under capitalism is not designed to providing housing for people; it’s primarily designed to extract as much value as possible."
Read the full article here.
(Originally published August 13, 2020.)